Hilton Smythe welcomes to the market Another Dye Mention. This hair salon was originally established by our client in 2002. The owner is now looking to sell the business due to the desire to relocate.
The business runs as a hair salon that specialises in Afro Caribbean hair. This is a popular business and is the go to salon in the area for this special service. The salon is well-established in this location and has built up an enviable client base. The business sees a generous amount of repeat loyal repeat. There are around 1,000 clients on the books who visit on average of once every 6 weeks.
The business generates an advised turnover of around £45,000 per annum with a gross profit of around 78%. There is the option to boost turnover by advertising the business on social media sites such as Facebook. This site is free and is great for promoting businesses. There is also the option to increase staff members, this will allow for more customers throughout the day.
This is a fantastic business that boasts a busy main road location. There is generous footfall and passing trade in the area. This salon would be a perfect opportunity for a first time purchaser. We are advised that our client would be willing to offer a hand over period to allow for a smooth transaction.
Hilton Smythe highly advise early viewing to avoid disappointment.
Another Dye Mention is located in Ilford, Redbridge.
The business is situated on a main road. The salon boasts an end terrace property on a retail parade of stores. There is a window shop, take away and an estate agents on this parade. At the end of this row is a petrol station. There is a plethora of business in the area both independent stores and bigger brands. This location receives heavy footfall; a great location for a busy hair salon.
The road on which the business is located is an arterial road in the town, this runs from the A11 at Stratford over to the A127 at Upminster. This is a busy area that also benefits from public transport. There are several bus stops within a short walking distance of the salon. The closest train station is also just a 5 minute walk away.
The business is an end property on a retail parade of stores. The front is made up of windows allowing for a bright retail space. There is shelving in the window for stock displays.
The inside of the store is long with the 5 styling station with mirrors and shelving, across the left hand side wall. There is a reception desk on entrance and a customer waiting area with 8 chairs. At the back of the room are two hood dryers.
There is a separate area with 3 back washes and 2 climazones. There is also a kitchen and customer toilet.
The premise is well-laid out and looks presentable.
We are advised the business is being sold as a Leasehold opportunity.
Lease is due to run out, new lease is available.
Rent: £925 per month
The business is opening hours-
Monday: 10am – 6pm
Wednesday: 10am – 6pm
Thursday: 10am – 6pm
Friday: 10am – 6pm
Saturday: 10am – 6pm
The business is run and managed by our clients with the help of 2 members of staff.
The business generates a turnover in the region of £45,000 per annum.
Gross profit 78%
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